Large Inflow of Money Detected in Southern Company (The)

Southern Company (The) (SO) : Investors lapped up stocks on upticks to the tune of $42.85 million in the Wednesdays trading session. The trading value on downticks was comparatively at $35.42 million and the uptick to downtick ratio of 1.21 indicates continuous buying by the bulls. The net money flow into the stock was $7.43 million. The block trades were dominated by the bulls with a healthy 1.82, uptick to downtick ratio. Only $11.99 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $21.79 clearly indicating buying by large investors. The total money flow for block trades stood at $9.81 million, which is a positive for the stock in the long-term. Southern Company (The) (SO) fell $0.29 during the day at $53.33, a drop of -0.54% over the previous days close. However, for the week, the stock is -0.56%, compared to the previous week.


Also, Brokerage firm Goldman Sachs reinstates its rating on Southern Company (The) (NYSE:SO). In a research note issued to the investors, the brokerage major announces price-target of $54 per share.The shares have been rated Neutral. The rating by the firm was issued on July 14, 2016.

Southern Company (The) (NYSE:SO): The stock opened at $53.65 on Wednesday but the bulls could not build on the opening and the stock topped out at $53.79 for the day. The stock traded down to $53.20 during the day, due to lack of any buying support eventually closed down at $53.33 with a loss of -0.54% for the day. The stock had closed at $53.62 on the previous day. The total traded volume was 3,869,446 shares.

The stock has recorded a 20-day Moving Average of 0.73% and the 50-Day Moving Average is 4.45%. In a related news, The Securities and Exchange Commission has divulged that Greene Kimberly S,, officer (EVP & COO, Southern Co.) of Southern Co, had unloaded 141,818 shares at an average price of $54 in a transaction dated on July 5, 2016. The total value of the transaction was worth $7,658,172.

Southern Company is an operating public utility company. The primary business of the Southern Company is electricity sales by the traditional operating companies and Southern Power. Southern Companys business segments are the sale of electricity by the four traditional operating companies and Southern Power. The four traditional operating companies, including Alabama Power, Georgia Power, Gulf Power and Mississippi Power, are vertically integrated utilities providing electric service in four Southeastern states. Southern Company owns all of the common stock of Southern Power Company, which is also an operating public utility company. Southern Power constructs, acquires, owns, and manages generation assets, including renewable energy projects, and sells electricity at market-based rates in the wholesale market. The Company also operates the All Other segment.

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